Sensex Ends 132 Points Lower; Nestle, SBI And HDFC Bank Among Top Nifty Losers

Indian share markets witnessed volatile trading activity throughout the day today and ended lower.

Benchmark indices witnessed volatile trading activity after the Reserve Bank of India (RBI) kept the benchmark interest rate unchanged amid Covid-19 uncertainty and fears over inflation in its latest Monetary Policy Committee (MPC) meeting.

Meanwhile, a separate liquidity window of Rs 150 bn for the hospitality sector was also announced.

The banks can provide support to hotels and restaurants, tourism, aviation support services, and other services under this program.

At the closing bell, the BSE Sensex stood lower by 132 points (down 0.3%).

Meanwhile, the NSE Nifty closed lower by 20 points (down 0.1%).

Grasim and Tata Motors were among the top gainers today.

Nestle and SBI, on the other hand, were among the top losers today.

The SGX Nifty was trading at 15,714, up by 19 points, at the time of writing.

The BSE MidCap index and the BSE SmallCap index ended up by 0.6% and 0.8%, respectively.

Sectoral indices ended on a mixed note with stocks in the banking sector and consumer durables sector witnessing most of the selling pressure.

Capital goods stocks, on the other hand, witnessed buying interest.

Shares of Bharat Forge and KEI Industries hit their respective 52-week highs today.

Asian stock markets ended on a negative note today as signs of a strengthening US recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus.

The Hang Seng ended down by 0.2%, while the Shanghai Composite ended the day up by 0.2%.

The Nikkei ended down by 0.4% in today's session.

US stock futures are trading on a flat note today with the Dow Futures trading down by 27 points.

The rupee is trading at 73.00 against the US$.

Gold prices for the latest contract on MCX are trading down by 0.1% at Rs 48,643 per 10 grams.

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Disclosure: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research ...

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